The Reserve Bank of Australia left its cash rate unchanged at a 12-year high in the final meeting of the year as the impact of the more recent rate hikes continue to flow through the economy.
The policy board of the RBA, governed by Michele Bullock, decided to maintain the cash rate target at 4.35 percent.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.